BTC is very volatile and unpredictable. We could not close above high 37800 resistance area.
Entering a scalp trade with small capitol would be safest route imo right now.
Scenario 1) EMA 20 holds strong, Break out of resistance area towards upside will give us a bullish trend.
Scenario 2) Bearish divergence on RSI & MACD. Rejection from trend resistance.
We could see random spikes down again to lower 30k areas and a trend back up.
If entering, only enter after confirmation. Use proper risk management.
Entering a scalp trade with small capitol would be safest route imo right now.
Scenario 1) EMA 20 holds strong, Break out of resistance area towards upside will give us a bullish trend.
Scenario 2) Bearish divergence on RSI & MACD. Rejection from trend resistance.
We could see random spikes down again to lower 30k areas and a trend back up.
If entering, only enter after confirmation. Use proper risk management.
